Existing mortgage holders
Trackers: All of Abbey's variable rate mortgages that track base rate will fall by the full 1 per cent, including all flexible deals. The rate change will take effect from the start of January.
The SVR is under review and we will be making an announcement in due course. Abbey's current SVR is 5.44 per cent.
New mortgage customers
In line with other lenders who have already withdrawn their variable rate mortgage deals, we will also be temporarily removing our trackers from close of business this evening. This is to prevent excessive in-flows and the impact on service levels this would have. We expect to re-launch a new range of mortgages next week.
